{"id":94332,"date":"2025-02-12T00:00:00","date_gmt":"2025-02-12T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/02\/12\/ula-torod-buildnow-taager-madkhool-secure-multi-usd-mn-investments\/"},"modified":"2025-02-12T00:00:00","modified_gmt":"2025-02-12T00:00:00","slug":"ula-torod-buildnow-taager-madkhool-secure-multi-usd-mn-investments","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/02\/12\/ula-torod-buildnow-taager-madkhool-secure-multi-usd-mn-investments\/","title":{"rendered":"Ula, Torod, Buildnow, Taager, Madkhool secure multi-USD mn investments"},"content":{"rendered":"

<\/strong>It\u2019s been a field day for Saudi\u2019s startups<\/strong>, as Ula, Torod, Buildnow, Taager and Madkhool raised multi-USD mn investments, in a push largely led by Leap 2025.<\/p>\n

\n

ULA.ME-<\/p>\n

Riyadh-based EdTech platform <\/strong>Ula.me<\/a><\/strong> raised USD 28 mn in a Series B round <\/strong>led by Rua Growth Fund, with participation from Jordan Capital & Investment Fund and Foursan Group, it said in a post on Linkedin<\/a>.<\/p>\n

(** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n

Where will the money go: <\/strong>The funding will \u201cdrive Ula\u2019s expansion into Saudi Arabia and launch the region\u2019s first Generative AI-powered EdTech digital platform,\u201d the post said.<\/p>\n

About Ula: <\/strong>Founded by Alaa Jarrar (LinkedIn)<\/a>, Ula aims to offers technology-driven learning solutions to bridge the gap between public and private education.<\/p>\n

\n

TOROD-<\/p>\n

Homegrown <\/strong>Torod<\/a><\/strong> raised SAR 42 mn in a Series A round<\/strong> led by Aramco-backed Wa\u2019ed<\/a>Ventures<\/a> and Elm<\/a>, with participation from Impact46, Hala Venture, Suhail Ventures, and other strategic investors, it said in a post on Linkedin<\/a>.<\/p>\n

The funding will go towards funding<\/strong> the development of an AI logistics agent<\/strong>, aiming to \u201crevolutionize logistics and parcel shipping solutions,\u201d the company said.<\/p>\n

About Torod: <\/strong>Founded in 2022 by Faisal Almaklas and Ammar Almaatouq, Torod offers post-order management services to online merchants, enabling them to select their preferred shipping method for each order.<\/p>\n

\n

BUILDNOW-<\/p>\n

Build-now-pay-later Saudi-based startup Buildnow raised USD 9.7 mn in an investment <\/strong>round <\/strong>led by Arbah Capital<\/a>, with participation from the Saudi Techonology Ventures (STV)<\/a> fund, it said in a statement<\/a>. Buildnow is also launching a USD 80 mn infrstructure fund, in partnership with Joa Capital<\/a>.<\/p>\n

The funding will boost Buildnow\u2019s services, <\/strong>expanding its support for SMEs in the construction sector, the statement said.<\/p>\n

About Buildnow:<\/strong> Founded in 2022 by Hisham Al Saleh, Rahat Dewan, and Abdulla Sheikh, Buildnow\u2019s platform provides customized credit terms to buyers for construction materials, while ensuring prompt cash payments to SME suppliers.<\/p>\n

\n

TAAGER-<\/p>\n

S<\/strong>ocial e-commerce platform Taager raised some USD 6.8 <\/strong>mn<\/strong> in a pre-Series B round<\/strong> led by Norrsken22, according to a press release<\/a>. Endeavor Catalyst and Beltone VC participated in the round, along with 4DX Ventures, Raed Ventures, Beco Capital, and Breyer Capital.<\/p>\n

Where will the money go:<\/strong> Taager plans to use the funds to expand further in the Middle East and integrate AI sales agents into its platform. The company currently operates in Saudi Arabia, Egypt, UAE, and Iraq, and aims to grow its operations fivefold in the coming years.<\/p>\n

About Taager:<\/strong> Founded in 2019 by Abdelrahman Sherief (LinkedIn)<\/a>, Ahmed Ismail (LinkedIn)<\/a>, and others, the company provides an end-to-end platform for social e-commerce sellers in Mena, offering services to help sellers scale up their businesses, including product sourcing, logistics, pricing and marketing optimization.<\/p>\n

\n

MADKHOL CAPITAL-<\/p>\n

Homegr<\/strong>own AI-powered robo-advisory <\/strong>Madkhol Capital<\/a><\/strong> secured USD 2.2 mn in a Seed <\/strong>funding round<\/strong> co-led by Seize Institute of Consulting and Business Solutions and Numu Angel Investing Community, it said in a press release<\/a>. Other angel investors also participated in the round.<\/p>\n

About Madkhol: <\/strong>Founded in 2023 by Saad Bin Atyan Madkhol (LinkedIn<\/a>) is a shariah-compliant fintech that specializes in AI-driven financial planning, wealth management, and investment solutions. The company aims to promote financial inclusion among younger generations and retail investors. It received its license from the Capital Market Authority in February 2023<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Taager plans to use the funds to expand further in the Middle East<\/p>\n","protected":false},"author":1,"featured_media":94333,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2556],"tags":[10,179,3991],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-94332","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-watch","tag-enterpriseam-ksa","tag-startup-watch","tag-taager","wpautop","entry"],"acf":{"mongo_id":"2b1096c5-8a3c-4f92-8edc-984898b87995","order":"8","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/2\/1142.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Ula, Torod, Buildnow, Taager, Madkhool secure multi-USD mn investments","related_issue":[94318],"teaser":"Taager plans to use the funds to expand further in the Middle East","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/2\/.22c64e61-b85d-4ecd-bc5f-491c85fdf324.mp3"},"yoast_head":"\nUla, Torod, Buildnow, Taager, Madkhool secure multi-USD mn investments - 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